Former Sonics owner will sue to get team back

Posted by
Inside Hoops

Apr
15

The Seattle Times (Percy Allen) reports: Howard Schultz says he wants the Sonics back. Nearly two years after selling Seattle’s NBA franchise to Oklahoma City investors, the Starbucks mogul has hired a lawyer and is preparing to file a lawsuit against Sonics chairman Clay Bennett to rescind the July 2006 sale. Attorney Richard Yarmuth confirmed Monday that his Seattle-based law firm, Yarmuth Wilsdon Calfo, is representing Schultz and plans to sue Bennett’s Professional Basketball Club in the next two weeks. “The damages that are being sought is to rescind, unwind the transaction,” Yarmuth said a day after the team played what could have been its final home game in Seattle.